01 Stock Market
Stock futures fell on Wednesday as investors reacted to the release of September’s consumer inflation report.
Futures tied to the broad market index were down 0.27%, while Nasdaq-100 futures shed 0.6%. Dow Jones Industrial Average futures lost 68 points, or 0.13%.
The consumer price index rose 0.6% in September month over month, with its year-over-year gain coming in at 3.7%. Economists polled by Dow Jones had anticipated a 0.6% rise in inflation on the month and a 3.6% advance on the year.
Notable Stock Movers: Micron Technology was weaker, with shares down 0.96% at $943.93, as memory-chip sentiment stayed under pressure. Bank of America fell 4.3% in premarket trading after the bank set aside $1.2 billion for regulatory fines tied to anti-money-laundering shortcomings. BlackRock climbed 3.1% in premarket trading after reporting higher profit and stronger fee income. Apple rose 0.76% to $343.88, while NVIDIA slipped 0.44% to $227.52; Advanced Micro Devices fell 0.91% to $600.00 and Intel declined 1.38% to $101.39.
Broader stock tone: chip-related names were uneven, with the memory group still under pressure and equipment makers drawing support from strong order commentary. The move in financials reflected a clear earnings split, where higher fees helped some asset managers while compliance costs weighed on a major bank. Overall, the pre-open session was driven by company-specific catalysts rather than a single market-wide theme.
Greenland-linked shares rallied in premarket trading. Greenland Energy soared 75%; Greenland Mines up 29%. Trump posted that large-scale oil, gas and mineral exploration will soon begin in Greenland. He cited experts who say easily recoverable oil reserves there exceed almost any onshore deposits worldwide.
02 Other Markets
• 10-year U.S. Treasury yield rose 0.48%, to 5.19%.
• U.S. Dollar Index rose 0.0098% to 102.22.
• WTI crude oil futures rose 1.72% to 94.77 USD/barrel; COMEX gold futures fell 0.34% to 4163.20 USD/ounce.
03 Key News
1. Morgan Stanley reported higher third-quarter profit on stronger equity trading: The bank said profit rose as market volatility supported trading activity. Its attributable profit reached $4.91 billion, up from $4.61 billion a year earlier. The result suggests trading desks benefited from active client positioning around macro uncertainty.
2. Bank of America booked a large regulatory charge after anti-money-laundering failures: The bank set aside $1.2 billion for fines linked to missed suspicious activity reporting. Profit fell to $6.9 billion from $8.3 billion a year earlier. Regulators also placed the bank under a consent order requiring closer monitoring of suspicious transactions.
3. BlackRock posted higher profit as assets under management expanded: The asset manager said earnings rose on stronger fee revenue from client funds. Assets under management increased to $15.49 trillion from $13.46 trillion a year earlier. The report shows continued demand for large-scale asset management services.
4. ASML raised annual sales guidance again after strong AI-related demand: The chip-equipment maker said customers were seeking orders far into the future, extending visibility on production demand. It now sees annual sales of 44 billion to 45 billion euros and gross margin near 56%. The update reinforces the strength of spending on semiconductor manufacturing tools.
5. ASML’s finance chief rejected a U.S. proposal to restrict China sales: Roger Dassen said the proposed limits on DUV lithography shipments would be counterproductive. He argued the measure could speed up China’s domestic technology development. The comments add a policy angle to the company’s already busy earnings day.
6. The Federal Reserve’s Bowman said policymakers do not need to rush further rate changes: She said inflation remains above target but the central bank can wait to assess the impact of the latest hike. Her remarks signal a patient stance on future policy moves. That message matters for rate-sensitive sectors such as banks and technology.
7. Reuters reported that U.S. consumer prices likely rose on higher gasoline and food costs: The report said upcoming inflation data are expected to show broad price pressure. Economists said the core measure may be more moderate, but energy and food remain a burden for households. The data have implications for the timing of further policy moves.
8. CoreWeave sought insurance capital to lower the cost of financing AI infrastructure: The NVIDIA-backed cloud provider is exploring new funding channels for chip purchases and data-center buildout. Management wants to tap insurers if its debt structure can support stronger ratings. The move shows how expensive AI infrastructure remains.
9. Strive launched a new preferred share to raise cash for bitcoin purchases: The company introduced a perpetual preferred stock with a fixed dividend and plans to sell 5 million shares. It said proceeds may be used to buy more bitcoin, acquire income-producing assets, or repurchase stock. The transaction extends its digital-asset treasury strategy.
10. Trump said large-scale oil, gas, and mineral exploration will begin soon in Greenland: His post linked the plan to the region’s strategic value and resource potential. The announcement triggered sharp moves in Greenland-related shares in premarket trading. It also added a geopolitical and commodity angle to the session.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: For informational purposes only; not investment advice.
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